Pennymac raises $750M in unsecured debt
Housing Wire
DECEMBER 7, 2023
California-based Pennymac Financial Services raised $750 million in unsecured debt with qualified institutional investors, 15% more than it initially expected, the company announced Thursday. The new debt, with maturity in December 2029, will bear a higher interest rate at 7.875% annually. A total of $1.8 billion is unsecured debt.
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